It's impossible to know what the sharemarket will do at any given moment. My feeling is that the share price won't trade at 20c (or perhaps anywhere near it) and that this will effectively be a significant discount for current shareholders to buy more. My trading platform currently shows an estimated opening of 30c. Yesterday it was 28c. That could change at any moment. If you accept the fact that most people would conclude that Longtable was significantly undervalued based on its assets and sales in the first place, the share price could easily bounce higher from its last closing levels before the capital raising was announced. Time will tell.
LON Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
